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EV tax credit consequence: Plug-in vehicle lease prices are soaring

Green Car Reports

That’s because versus just a few days ago, a vast swath of EV and PHEV models are no longer eligible for the federal EV tax credit—now known as the Clean Vehicle Credit. On Thursday, Toyota pulled its.

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How Do the Electric Vehicle Tax Credits Work?

Blink Charging

Federal tax credits for electric vehicles in the United States are complicated, especially with new changes for 2023. Under the current version of the Section 30D Clean Vehicle Credit (CVC), there are specific criteria that both the vehicle and taxpayer must meet. First, the easy part: How do I claim the $7,500 EV tax credit?

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These 5 Plugin Vehicle Models Would Benefit Most From Proposed US EV Tax Credit Update (Chart)

CleanTechnica EVs

As we reported recently, there’s a big cleantech bill moving through the US Congress that would revive, extend, and expand the zero-emission vehicle tax credit in various ways.

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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). Elimination of the Manufacturer 200,000 EVs Sold Phaseout Threshold.

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Proposed Federal EV Tax Credit Reform: Will It Move the Sales Needle?

EV Adoption

For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.

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Polestar 4, Nautilus hybrid, Model Y cost, fuels for Toyota PHEVs: Today’s Car News

Green Car Reports

Toyota is testing low-carbon fuels for its plug-in hybrids. The IRS posts its shortlist of models qualifying for the $7,500 EV tax credit. The Tesla Model Y is now challenging ICE models in price. And Polestar and Lincoln are among the brands that have saved global reveals for China’s Shanghai auto show.

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Lexus PHEV review, GM EV delay, EV6 price cut, Toyota and Nissan concepts: The Week In Reverse

Green Car Reports

Which long-running EV nameplate reclaimed eligibility for the EV tax credit? Which automakers this week announced a shift to the Tesla-based NACS charge port? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending October 20, 2023.

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